322-859 The Queensway
Stonegate-Queensway, Toronto, Ontario M8Z 1N8
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700–799sq ft
- Per sq ft
- $691at the range’s middle
- Tax a year
- $2,7552025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 322-859 The Queensway
322-859 The Queensway is a 2-bedroom, 1-bathroom condo in Stonegate-Queensway, Toronto, listed for sale at an asking price of $518,000 (MLS® W14118508).
Welcome To 859 The Queensway Suite 322. Ideally Located At Islington Avenue And The Queensway In The Desirable Stonegate-Queensway Community. This Bright And Spacious 2-Bedroom, 1-Bathroom Condo Offers Approximately 790 Sq. Ft. Of Well-Designed Living Space With An Open-Concept Layout. The Kitchen Features Stainless Steel Appliances And Opens Seamlessly Into The Living Area, Creating A Functional Space For Both Everyday Living And Entertaining. Both Bedrooms Offer Large Windows, With The Second Bedroom Featuring A Walkout To The Open Balcony. Enjoy The Convenience Of Ensuite Laundry, Underground Owned Parking And An Owned Locker. Heat, Water, CAC, Building Insurance, Common Elements And Parking Are Included In The Maintenance Fees. Ideally Situated Close To Transit, Shopping, Restaurants, Parks, Schools And All The Amenities Along The Queensway, With Easy Access To Islington Avenue And Major Transportation Routes. A Fantastic Opportunity For First-Time Buyers, Downsizers Or Investors Looking For A Well-Located 2-Bedroom Condo In West Toronto.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall43/100−$555/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 condos with 2 bedrooms for lease in Stonegate-Queensway right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,755 / 2025
- MLS® number
- W14118508
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 700-799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 1 Storey/Apt
- Community
- Stonegate-Queensway
- Municipality
- Toronto
Building
- Size
- 700-799 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Heat Pump
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Stainless Steel Fridge, Stainless Steel Stove, Stainless Steel Microwave & Hoodfan, Stainless Steel Dishwasher, Washer & Dryer, All Electrical Light Fixtures.
- Condo maint.
- $761
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 0.0 × 0.0 m | Stainless Steel Appl, W/O To Balcony, Open Concept | Main |
| Living | 0.0 × 0.0 m | Open Concept | Main |
| Primary | 0.0 × 0.0 m | Large Window | Main |
| 2nd Br | 0.0 × 0.0 m | W/O To Balcony, Large Window | Main |
Listing history
Buy/sell history for 322-859 The Queensway, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $518,000 | N/A | For Sale | W14118508 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $103,600
- Total mortgage amount
- $414,400
- Total interest payment
- $294,800
- Total purchase cost
- $812,800
- Mortgage payment
- $2,364/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
39%Monthly carrying cost
$3,355- Rent $2,800
- Shortfall $555
Rental income opens at $2,800, the median asking rent of 7 comparable homes for lease in Stonegate-Queensway. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,835
- Toronto municipal land transfer tax
- $6,835
- Total land transfer tax
- $13,670
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $5,195
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $518,000
- $2,360
- Ontario total
- $6,835
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,835.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation5
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m68 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3.7 m below ground nearbyThe middle water level in the well records within 500 m (125 records). It changes with the season and from spot to spot.500 m
- Bedrock about 2.4 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 63 building permits issued within 250 m in the last 2 years250 m
- 2 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 8.3 km8.3 km
- Mapped parcel: about 34,400 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 880 m880 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Reynolds Consumer Products Canada Inc. — Mississauga Plant, 860 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Etobicoke By-Law No. 11,737What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
13 building permits cleared at this address in the City’s file.
SprinklersClosed
Proposal for Sprinklers - Re this project consists of designing and installing an overhead wet sprinkler system at the first floor in an 11 storey existing building and a dry system to protect a new exterior mezzanine. The starting point for installation is the existing fire pump header. OBC Classification Group D. Reference BLD permit: 24 224274 BLD 00 BA
Issued June 19, 2025
Sign Building Permit RelatedClosed
1 overhanging structure sign**Grifols Plasma Dontation Centre**
Issued May 12, 2025
Building Permit Related(MS)Closed
HVAC - Renovation of the vacant suite to provide a new plasma donation clinic as outlined in the drawings c/w new mechanical, electrical and structural.
Issued March 17, 2025
Building Permit Related(PS)Closed
Plumbing - Renovation of the vacant suite to provide a new plasma donation clinic as outlined in the drawings c/w new mechanical, electrical and structural.
Issued January 16, 2025
Interior AlterationsClosed
Renovation of the vacant suite to provide a new plasma donation clinic as outlined in the drawings c/w new mechanical, electrical and structural.
Issued November 18, 2024
New BuildingClosed
Conditional Permit - Proposal to construct a new 11 storey mixed use building with 187 residential units, ground floor retail and 2 levels of below grade parking. See also BA18- 263150 stand alone shoring SA, 20 208250 WNP, 20 211651 SWO.
Issued December 21, 2022
Building Permit Related(PS)Closed
Plumbing - Proposal to construct a new 11 storey mixed use building with 187 residential units, ground floor retail and 2 levels of below grade parking. See also 18 263150 SA, 20 208250 WNP, 20 211651 SWO.
Issued December 14, 2021
Building Permit Related (DR)Closed
Drain - Proposal to construct a new 11 storey mixed use building with 187 residential units, ground floor retail and 2 levels of below grade parking. See also 18 263150 SA, 20 208250 WNP, 20 211651 SWO.
Issued December 6, 2021
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
875 THE QUEENSWAYSite planApplication Received
60 m away933 THE QUEENSWAYCondominiumApplication Received
Draft Plan of Condominium - 210 Units.
160 m away15 SINCLAIR STOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
570 m away5 SINCLAIR STOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
590 m away10 QUEEN ELIZABETH BLVDOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
600 m away3 SINCLAIR STOfficial plan or zoning amendmentOMB Appeal
Proposal for a mixed-use development consisting of three buildings on two parcels
620 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Stonegate-Queensway right now
- For sale now
- 27
- Median asking price
- $600K
- New in 7 days
- 5
- Price cuts
- 19%
Middle half: $509K to $816K
13 in 28 days
5 listings
This home is asking 14% below the median.
See all homes in Stonegate-QueenswayAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 1.3 km |
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 2.5 km |
| Islington Station | TTC subway: Line 2 Bloor-Danforth | 2.6 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 2.7 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 3.1 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Holy Angels Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 750 m | 82%Grade 6 average |
| Castlebar Junior SchoolToronto DSB | Public · grades JK–5 | 750 m | 82%Grade 3 average |
| St Louis Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 800 m | 75%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.3 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 900 m | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 1.1 km | 81%Grade 9 math |
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 2.6 km | 42%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 6.4 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Stonegate-Queensway are shown to signed-in members.